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The stock peaked at $37.96 per share, a level not seen since March 2006. This year, AMD stock has climbed 103.25%, according to Refintiv.
The Dow and the S&P 500 closed at historic highs on Wednesday, surpassing records they set earlier in the week. The Nasdaq Composite, however, finished in the red.
Major US stock indexes are trading mixed this afternoon, with about an hour and a half to go until the closing bell.
"China's tea market has huge potential," said Luckin CEO Jenny Qian Zhiya. CFO Reinout Hendrik Schakel added that the sale of tea didn't eat into demand for its coffee drinks either.
"Investors are asking 'does this company have an economic model that actually works?'" he said.
Questions like that have changed the sentiment and put investors in wait-and-see mode. Investors "will be more discerning," when it comes to IPOs going forward, Patricof said.
With the impeachment hearings in full swing on Capitol Hill, political risk is heightened for financial markets.
The impeachment proceedings could have an impact the market. But, she added, "political risk is not contained to the US," she said. "There is plenty of other geopolitical risk to go around that investors have to get used to."
For 2020, the arguably biggest geopolitical story of the year -- the US-China trade war -- is not the biggest worry for Azzarello. Rather, she worries about an unknown fear factor that could hit the American consumer, which contributes the majority of GDP growth.
While Warren's policy proposal targets various parts of the financial services industry, it hits private equity particularly hard. She previously described the investment houses' strategy as "legalized looting" that "suck(s) value out of the economy."
The chamber vigorously disagrees with her characterization.
While private equity has long had a PR problem for acquiring businesses and cutting jobs, pension funds that house the retirement savings of millions of people are a big part of the industry's investor base.
Senator Warren called the study an "industry-funded report" in comments emailed from her spokesperson, adding that it confirmed why reform was needed in the private equity industry.
"Wall Street is panicking because my bill would finally make these firms take real responsibility for the outcomes of companies they take over," she said.
Federal Reserve Chairman Jerome Powell says the current stance of monetary policy would likely remain appropriate as long as the economy continues to chug along.
During his testimony before Congress, Powell will call the outlook for the US economy favorable, according to his published remarks.
However, the central banker will say the "federal budget is on an unsustainable path" and warns that the "current low interest rate environment may limit the ability of monetary policy to support the economy" in case of a downturn.
Could raise as much as $13.4 billion by issuing 500 million shares in its secondary listing in Hong Kong, according to a prospectus for the transaction filed with the SEC. The newly listed shares will account for about 2.3% of the company's ordinary stock, according to an SEC filing.
Alibaba stock was down 1.1% on the New York Stock Exchange, trading at around $184.82 per share Wednesday morning.